- XM serves over 20 million clients and holds licences from CySEC, ASIC, DFSA, and FSC
- Account registration requires basic personal information, ID verification, and proof of address
- The minimum deposit starts at $5, making XM accessible to beginners with limited capital
- New accounts may be eligible for a $30 no-deposit bonus to start trading without risking personal funds
What is XM?#
XM is a multi-licensed Forex and CFD broker founded in 2009, serving over 20 million clients worldwide. Licensed by CySEC, ASIC, FSC (Belize), and DFSA.
XM at a Glance#
| Feature | Detail |
|---|---|
| Regulation | CySEC, ASIC, DFSA, FSCA, FSC (9 worldwide licenses) |
| Instruments | 1,400+ (Forex, stocks, commodities, crypto CFDs) |
| Spreads | From 0.6 pips (Ultra Low) |
| Min Deposit | $5 |
| Islamic Account | Available (swap-free on all instruments) |
| Support | 24/5 multilingual live chat |
Step 1: Fill Registration Form#
Visit XM's official website and click "Open Account". Enter your name, email and phone number.
Third-party videos (independent creators)
The clips below are from independent YouTube creators, not XM’s official channel. They may include promotions or steps that do not apply in your country; screens and forms change over time. Treat our written steps and XM’s live website as the source of truth.
Register walkthrough
Open account walkthrough
Step 2: Choose Account Type#
- Micro Account: Min $5, 1 micro lot (1,000 units)
- Standard Account: Min $5, 1 standard lot (100,000 units)
- Ultra Low Account: Lower spreads, min $50
Micro Account is recommended for beginners.
Step 3: Identity Verification#
- ID Document: National ID, driver's license or passport
- Proof of Address: Recent utility bill or bank statement
Verification typically completes within 24 hours.
Step 4: Download Platform#
XM supports MetaTrader 4 and MetaTrader 5 platforms.
Step 5: Claim Your $30 Bonus#
After verification, the $30 no-deposit bonus is automatically credited to your account.
Step 6: Make Your First Trade#
- Select a pair to trade (e.g. EUR/USD)
- Set lot size (0.01 lot for beginners)
- Enter Stop Loss and Take Profit levels
- Click Buy or Sell
Tip: We strongly recommend practicing on a demo account for at least 1 month before depositing real money.
Start Trading: Open a free XM account — regulated broker, $5 minimum deposit, $30 no-deposit bonus, and 1,400+ instruments on MT4/MT5.
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